Congress moves to restore state credit-reporting protections CFPB tried to kill
H.J.Res. 170 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "The Fair Credit Reporting Act's Limited Preemption of State Laws". · Filed by Maxine Waters (D-CA) · Introduced Apr 30, 2026 · Referred to committee
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What it does
This resolution uses the Congressional Review Act to block a CFPB rule that withdrew an earlier consumer-protection rule on state credit-reporting laws. The net effect: it restores the withdrawn rule, preventing the CFPB from rescinding state-level credit-reporting protections that had been in place under the Fair Credit Reporting Act.
Why we flagged it
This is a Congressional Review Act disapproval resolution that restores a consumer-protection rule by blocking the CFPB's withdrawal of it. The operative mechanism is straightforward: void the withdrawal, restore the rule.
What the text implies
- Restoring the rule may increase compliance costs for credit bureaus and lenders operating across state lines, as they will again face a patchwork of state-level credit-reporting requirements rather than uniform federal preemption.
- The resolution signals congressional intent to preserve state regulatory authority over credit reporting, potentially emboldening state attorneys general to enforce stricter credit-reporting standards.
- If enacted, this would reverse a 2025 CFPB action, suggesting ongoing tension between the agency and Congress over the scope of federal preemption in consumer finance.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Restoring the withdrawn rule preserves state-level credit-reporting protections that limit federal preemption, giving consumers and state regulators stronger tools to enforce fair credit practices. Citizens retain remedies and regulatory oversight that the CFPB's withdrawal had eliminated.
Named in the bill
Bureau of Consumer Financial Protection (CFPB), Fair Credit Reporting Act (FCRA), 87 Fed. Reg. 41042 (July 11, 2022), 90 Fed. Reg. 20084 (May 12, 2025), Congressional Review Act (Chapter 8, Title 5, U.S. Code)
Where it stands
- Apr 30, 2026 — Introduced · Congress.gov: “Introduced in House”
- Apr 30, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
1 lobbying clients named this bill on 1 disclosure filings across 1 quarter, Jun 2026 to Jun 2026. Those filings disclosed $0 in lobbying spend. A filing names 1 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 0% of bills with at least one filing.
Maxine Waters, the sponsor, reported $453,500 in PAC receipts in the 2026 cycle.
- Business Alliance for a Sound Economy — $0 on 1 filing
Lobbying Disclosure Act filings through Jul 6, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,302 characters) on Jun 3, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Jun 2026 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 6, 2026 · page rendered 2026-10-20.
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